Tag: Batesville

Finance

Batesville increases revenues on lower volume sales

  Hillenbrand Industries, parent company of Batesville, reported its 2nd Quarter 2022 (January thru March) last week and with it reported that the Batesville division increased their sales over the same quarter of last year by 6% to $176 million for the quarter.  That was done, for the most part, by implementing a “price surcharge” in January 2022 to “offset the significant increase in commodity costs.” The quarterly report, which you can read here, also made mention that “Burial casket […]

Finance

Retail death care stocks lead the run-up

On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677.  On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021.  That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to date and the S & P 500 index also closed on that date with a 20.9% increase year to date. Pretty impressive. . . but […]

Afternoon Edition

Hillenbrand announces leadership succession plan

Hillenbrand Industries, parent company of Batesville Casket Company, announced last week that current CEO Joe A. Raver will be retiring at the end of 2021.  The following day, Kimberly K. Ryan will succeed him as CEO of the company. In a press release that you can read here, Hillenbrand Chairperson Joe Loughrey describes Raver, “A steadfast and strategic leader, Joe has guided Hillenbrand since 2013. During his tenure, he played a significant role in transforming the Company from a $600 […]

Finance

Funeral stocks continue solid climb

As of last Friday, June 4, we were over five months into the 2021 calendar year.  Funeral Director Daily decided it was time to take a look at where the Death Care stocks were in relation to the stock market indices up to that day. What we found out is that the stocks of companies that comprise the Funeral Director Daily Death Care Index (DCI) continue to show a positive movement — and even higher growth than the indices of […]

Finance

Batesville shows another strong quarter

Batesville, a division of Hillenbrand Industries, reported their Fiscal Year 2nd Quarter during the first week of May.  While the entire company revenue increased 11% year over year, Batesville, the funeral service side of the business, increased their revenue by over 20% to a quarterly volume of $166 million. Here’s what was said in the FY 2Q 2021 report about the Batesville segment of Hillenbrand Industries: “Revenue of $166 million increased 20% year over year driven by an increase in […]

Finance

Hillenbrand reports 1Q 2021. . .Batesville sales soar 30%

In the world that we are living in, it is certainly not unexpected, but to see Batesville’s sales soar 30% for the October, November, and December quarter is both mind boggling and sobering. It is, in my opinion, mind boggling simply to see any company, without a major acquisition, grow their sales by 30% in a fiscal quarter.  And, it is sobering, because in the COVID-19 pandemic world, we all know the major reason while Batesville has had this growth. […]

Finance

2020: A look back at the public companies

There are a lot of reasons that people may look to get the year 2020 in their rearview mirror.  However, when you look individually at the performance of the public companies in the death care realm for the calendar year, my guess is that almost all of them would be happy to repeat the year’s performance in 2021. The trend among the public companies in 2020 could certainly be classified as COVID, leadership, and lawsuits.  And, who would have thought […]

Finance

Hillenbrand reports. . . Batesville segment shows strong results

Hillenbrand Industries, parent company of Batesville Casket Company, reported their July through September numbers – which happen to be their 4th Quarter fiscal year numbers, as well as their Fiscal Year End numbers last week.  Hillenbrand showed record revenues both for the quarter and the year.  You can access their financial report here. However, those numbers are somewhat skewed by the additional revenue during the year provided by the company’s acquisition of Milacron.  If you take away the Milacron acquisition […]

Business Products

Catching up with the casket business

We are in the period of public companies reporting their 3rd Quarter results to the world and it is only a couple of weeks before Hillenbrand, parent company of Batesville Casket Company, and Matthews International, parent company of Aurora Casket Company will give us those results. As most of you know, those businesses have generally continued to remain profitable even in the face of downward unit sales over the past several years as cremation has cut into the number of […]

Finance

Carriage Services reports First Quarter 2020

A short time ago Carriage Services, the Houston, Texas, based funeral home and cemetery operator announced they would delay their First Quarter 2020 financial results so that they could also report cornavirus related April results and May trends.  It is interesting to note that their First Quarter report that you can access here is titled, “First Quarter and April 2020 Results”. Here is what President and Chief Operating Officer Bill Goetz did say about the first quarter.   “Our performance through […]